Luxembourg's current account deficit narrowed to EUR 272 million in the third quarter of 2019 from EUR 699 million in the same period of the previous year, as the goods gap decreased to EUR 176 million from EUR 294 million while the primary income deficit dropped to EUR 6,130 million from EUR 6,273 million. Meanwhile, the services surplus widened to EUR 6,053 million from EUR 5,813 million. Current Account in Luxembourg averaged 618.96 EUR Million from 1995 until 2019, reaching an all time high of 2717.60 EUR Million in the fourth quarter of 2017 and a record low of -2221.30 EUR Million in the second quarter of 2017. source: Banque Centrale du Luxembourg

Current Account in Luxembourg is expected to be 1370.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at -260.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1150.00 EUR Million in 2020, according to our econometric models.

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Luxembourg Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-271.60 1131.20 2717.60 -2221.30 1995 - 2019 EUR Million Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-25 09:30 AM Q4 €-560M €1917M € 1500M
2019-06-21 09:50 AM Q1 €725.2M €-593M € -470M
2019-09-23 10:00 AM Q2 €1378M €53M € -400M
2019-12-20 11:00 AM Q3 €-272M €1131M €-400M
2020-03-27 11:00 AM Q4 €-272M € 1370M
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-09-23
Luxembourg Current Account Swings to Surplus in Q2
Luxembourg posted a current account surplus of EUR 1.38 billion in the second quarter of 2019, compared to a EUR 1.17 billion deficit in the same period of the previous year. The services surplus widened to EUR 6.20 billion from EUR 5.98 billion last year, while the goods deficit narrowed to EUR 0.28 billion from EUR 0.82 billion and the primary income gap fell sharply to EUR 4.55 billion from EUR 6.39 billion. Considering the first half of the year, the current account surplus was EUR 1.43 billion, unchanged from the same period of 2018.

2019-06-21
Luxembourg Current Account Surplus Narrows in Q1
Luxembourg posted a current account gap of EUR 725 million in the first quarter of 2019 compared to a EUR 2,369 million surplus in the corresponding period of the previous year. The services surplus rose to EUR 6,005 million from EUR 5,523 million a year earlier while the goods deficit narrowed to EUR 462 million from EUR 795 million. Meantime, the primary income deficit rose to EUR 4,760 million from EUR 2,255 million while the secondary income gap decreased to EUR 57 million from EUR 103 million in the same period a year ago.

2019-03-25
Luxembourg Current Account Swings to Deficit in Q4
Luxembourg posted a current account gap of EUR 560 million in the fourth quarter of 2018, compared to a EUR 728 million surplus in the corresponding period of the previous year. The services surplus narrowed to EUR 5,704 million from EUR 6,101 million a year earlier. In addition, the primary income deficit increased to EUR 5,350 million from EUR 4,511 million while the secondary income gap rose to EUR 341 million from EUR 230 million. Meanwhile, the goods shortfall decreased to EUR 574 million from EUR 632 million in the last quarter of 2017.


Luxembourg Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.54 -0.50 -0.03 -1.06 EUR Billion [+]
Current Account -271.60 1131.20 2717.60 -2221.30 EUR Million [+]
Current Account to GDP 4.80 4.90 12.60 4.80 percent [+]
Imports 1.73 1.63 2.00 0.36 EUR Billion [+]
Exports 1.18 1.12 1.21 0.33 EUR Billion [+]
External Debt 3730886.20 3736980.23 3928297.76 678052.57 EUR Million [+]
Capital Flows -374.90 1046.40 3396.20 -2305.10 EUR Million [+]
Gold Reserves 2.24 2.24 2.39 2.20 Tonnes [+]
Foreign Direct Investment -42226.10 -102054.40 321172.90 -302842.00 EUR Million [+]